Schneider National Inc (SNDR)

Cash ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	103,200	67,300	102,400	58,500	249,200	389,800	385,700	349,700	331,000	272,600	244,800	504,200	490,500	472,200	395,500	768,500	713,800	600,600	551,600	437,100
Short-term investments	US$ in thousands	54,000	56,900	57,200	56,400	54,800	53,300	45,900	44,600	46,400	48,500	49,300	45,700	49,100	49,400	47,100	45,600	46,800	49,200	48,300	47,400
Total current liabilities	US$ in thousands	659,300	743,700	606,200	610,600	594,100	666,500	636,900	734,200	726,100	725,900	690,200	716,000	719,500	667,100	534,600	516,600	482,200	474,600	465,200	698,400
Cash ratio		0.24	0.17	0.26	0.19	0.51	0.66	0.68	0.54	0.52	0.44	0.43	0.77	0.75	0.78	0.83	1.58	1.58	1.37	1.29	0.69

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($103,200K + $54,000K) ÷ $659,300K
= 0.24

The cash ratio for Schneider National Inc has varied over the periods provided. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.

Looking at the trend of Schneider National Inc's cash ratio over the periods, we can observe fluctuations in the ratio. The cash ratio was relatively low in the earlier periods, indicating a lower level of cash and cash equivalents compared to short-term liabilities. However, the ratio improved significantly in the later periods, reaching its peak at 1.58 in September 2020 and maintaining a level above 1 in subsequent periods.

The increase in the cash ratio suggests that Schneider National Inc has built up a stronger liquidity position over time, which can be beneficial for meeting short-term financial obligations and unexpected expenses. It indicates that the company has a sufficient amount of cash and cash equivalents to meet its short-term liabilities comfortably.

Overall, the trend of Schneider National Inc's cash ratio shows an improvement in its liquidity position and ability to cover short-term obligations with cash on hand.